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May 17, 2018 9:27 AM Inflation in PH may hit 6 pct in August: Standard Chartered economist

MANILA - Inflation in the Philippines may hit 6 percent in August this year because of a number of factors, an economist at Standard Chartered said Thursday. Chidu Narayanan, Standard Chartered economist for Asia, said inflation may average 5.2 percent in 2018 before sliding to 4.9 percent in 2019. Higher government spending on infrastructure, the impact 5

May 15, 2018 2:30 PM Zarate hits plan to defer pension hike

A militant lawmaker on Tuesday criticized the plan of the Social Security System seeking to delay the implementation of the second tranche of additional P1,000 pension scheduled next year. “The SSS board is gravely insensitive if they push through with this plan,” Bayan Muna Party-list Rep. Carlos Zarate said. Zarate, member of the Makabayan Bloc, said the SSS board 5

May 15, 2018 6:11 AM Bea Alonzo and Gerald Anderson Took a Helicopter to Pinatubo

Bea Alonzo’s been busy promoting her upcoming film Kasal—from promo shoots, mall tours, and dubbing, her schedule seems to be full to the brim. But yesterday, she was able to take a break and have a day off. So where and who did she spend it with? Bea had a surprise trip to Mt. Pinatubo and no, she did not hike, but rather took a helicopter with no other 5

May 15, 2018 5:03 AM Competition watchdog monitors oil retailers amid price hike

MANILA – A collusion among oil retailers could prompt the Philippine Competition Commission (PCC) to investigate industry players to ensure that oil prices remain competitive, an official said Tuesday. Speaking to DZMM, PCC Commissioner Johannes Bernabe said the competition watchdog is not mandated to meddle in oil pricing but could investigate unfair 4

May 14, 2018 10:54 AM Another BSP rate hike expected

Economists say that the Bangko Sentral is likely to hike policy interest rates again within the year, should current inflation pressures remain. In a report, ING Bank Manila Senior Economist Joey Cuyegkeng said another key policy rate hike is likely to happen sometime in the fourth quarter, after the Monetary BoarD raised interest rates by 25 basis points 5

May 10, 2018 12:30 PM Letran, San Beda Red Cubs prevail in Fr. Martin Cup action

THE Letran Knights and the San Beda Red Cubs prevailed over their rivals last Tuesday in the ongoing 24th Fr. Martin Cup summer tournament at the St. Placid gymnasium inside the San Beda-Mendiola campus in Manila. Jack Pambid struck with 18 points in leading the Knights to a 76-69 thumping of the Our Lady of Fatima University side in this cagefest, which 8

May 6, 2018 5:07 AM Back from a break, Grandmaster Frayna gears up for 2018 Chess Olympiad

The country’s first female Grandmaster thinks she has more to learn after settling for a couple of runner-up finishes MANILA, Philippines – Janelle Mae Frayna may be the Philippines' first female Grandmaster, but she doesn't want to sit on her laurels. The 21-year-old young woman, in fact, feels she has more to learn as she gears up for the 2018 Chess 4

May 4, 2018 8:02 AM Espenilla on rate hike: Inflation data needs 'hard look'

MANILA - Monetary authorities will take a "hard look" at inflation data during their meeting next week, Bangko Sentral ng Pilipinas Governor Nestor Espenilla said Friday, after the rise in consumer prices quickened for the fourth straight month. Inflation accelerated to 4.5 percent in April, compared to the target of 2 to 4 percent for the full year. Analysts 11

April 30, 2018 10:37 AM Labor Day oil price hike

OIL firms announced another round of price increases today, Labor Day. Major oil players Pilipinas Shell, Petron Corporation and Chevron Philippines said the price of gasoline will increase by P0.85 centavos per liter and diesel by P0.70 centavos so with kerosene effective 6 a.m. The same increase takes effect in gasoline, diesel and kerosene products 7

April 24, 2018 1:22 AM Filipinos want wage hike, inflation controlled – Pulse Asia

Majority of Filipinos want the Duterte administration to focus on increasing the wages of workers, controlling prices of commodities, and reducing poverty, a recent Pulse Asia survey has revealed. In its March 2018 Ulat ng Bayan survey released on Tuesday, most Filipinos think that increasing workers’ wages and controlling inflation are the most urgent 5